Sunday, June 8, 2025
News PouroverAI
Visit PourOver.AI
No Result
View All Result
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing
News PouroverAI
No Result
View All Result

OpenAI CEO’s Ouster Followed Debates Between Altman, Board

November 18, 2023
in Business
Reading Time: 4 mins read
0 0
A A
0
Share on FacebookShare on Twitter


(Bloomberg) — OpenAI’s firing of Sam Altman followed wide-ranging disagreements between the chief executive officer and his board — in particular Ilya Sutskever, an OpenAI co-founder and the company’s chief scientist — according to a person familiar with the matter.

Most Read from Bloomberg

The debates included differences of opinion on AI safety, the speed of development of the technology and the commercialization of the company, said the person, who asked not to be identified discussing private information.

Altman’s ambitions may have also played a role in the divorce. Altman has been looking to raise tens of billions of dollars from Middle Eastern sovereign wealth funds to create an AI chip startup to compete with processors made by Nvidia Corp., according to a person with knowledge of the investment proposal. Altman was also courting SoftBank Group Corp. chairman Masayoshi Son for a multibillion-dollar investment in a new company to make AI-oriented hardware in partnership with former Apple designer Jony Ive.

Sutskever and his allies on the OpenAI board may have been put off by Altman raising funds off of OpenAI’s name and these new companies not sharing the same governance model as OpenAI, according to this person.

In a statement late Friday, former OpenAI President Greg Brockman said he and Altman were surprised by the company’s decision. “Sam and I are shocked and saddened by what the board did today,” Brockman wrote in a post on X, formerly Twitter. “We too are still trying to figure out exactly what happened.”

Brockman said that the board spoke to Altman on a Google Meet, where Sutskever delivered the news: “Ilya told Sam he was being fired and that the news was going out very soon.”

Story continues

In another post on X, Altman said, “I love you all.” He added, “Today was a weird experience in many ways. But one unexpected one is that it has been sorta like reading your own eulogy while you’re still alive. The outpouring of love is awesome.”

The OpenAI board disputes over safety echo longstanding rifts within OpenAI over the responsible development of powerful AI tools — issues that have plagued the company since its inception. Similar disagreements over safety and commercialization are why Elon Musk broke ties with OpenAI in 2018, and why a group of employees departed in 2020 and started rival Anthropic.

In July, Sutskever formed a new team at the company to bring “super intelligent” future AI systems under control. Before joining OpenAI, the Israeli-Canadian computer scientist worked at Google Brain and was a researcher at Stanford University.

A month ago, Sutskever’s responsibilities at the company were reduced, reflecting friction between him and Altman and Brockman. Sutskever later appealed to the board, winning over some members, including Helen Toner, the director of strategy at Georgetown’s Center for Security and Emerging Technology.

Brockman resigned on Friday following Altman’s firing.

Altman’s ouster came as a shock to him and to Brockman. In the post on X, Brockman said that Mira Murati, who is now the company’s interim CEO, found out Thursday night. The rest of the OpenAI leadership learned shortly before the public announcement, Brockman said.

The news blindsided leading investors and startups throughout Silicon Valley, and threw tech’s most promising industry into a state of uncertainty.

Companies firing their founders is part of the recurring foundational lore of Silicon Valley. Apple fired Steve Jobs in 1985; Twitter dismissed co-founder Jack Dorsey in 2008. Both executives famously returned to their companies years later. But Altman’s exit could have a larger impact on the industry he came to represent.

In the chaotic hours after the company’s announcement Friday, investors at prominent venture firms had no idea why the OpenAI chief had been suddenly fired, according to representatives at multiple firms. Even Microsoft Corp., the startup’s biggest backer, did not learn of Altman’s ouster until minutes before the announcement became public, according to people familiar with the mater.

The tech world’s immediate reaction was a mix of surprise, dismay and wild speculation. Industry group chats lit up, and investors and tech leaders traded theories on social media about what caused the OpenAI board to fire its famous CEO. With a dearth of information from the company, prediction wager platform Manifold Markets started taking bets about the cause.

As of late morning on Friday, Altman had still been sending regular emails to employees as CEO. He even appeared at multiple events Thursday, representing OpenAI in a talk at the Asia-Pacific Economic Cooperation summit in San Francisco and attending an evening event related to the Burning Man festival, where he spoke on the future of AI art.

Earlier this month, the company had its first developer conference, known as DevDay, stoking excitement about its products. “I think the developer community really loves to follow audacious visionaries and DevDay happened, I was there, and the excitement was just off the charts,” said Matt Schlicht, CEO of Octane AI. “And that was like a week ago.”

Altman had an outsize presence in the tech world, backing and participating in a range of startups. He was also a leading ambassador for AI, and his departure could undercut broader faith in the technology. But as with past scandals, some predict the industry will take the news in stride.

“I don’t think it will shake anyone’s confidence in tech,” said Cory Klippsten, CEO of Swan, a bitcoin financial services firm. “I think it’ll make people take a really close look at what are the biases and rules or protocols that exist in the structure of OpenAI.”

–With assistance from Rachel Metz, Priya Anand, Jackie Davalos and Sarah McBride.

(Updates with context starting in the third paragraph.)

Most Read from Bloomberg Businessweek

©2023 Bloomberg L.P.



Source link

Tags: AltmanboardCEOsDebatesopenaiOuster
Previous Post

Bios Setup Frontech Motherboard | How To Setting Bios for Usb Boot

Next Post

Meet DeepMind’s GraphCast: A Leap Forward in Machine Learning-Powered Weather Forecasting

Related Posts

Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?
Business

Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?

June 10, 2024
UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath
Business

UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

June 10, 2024
Blinken set to arrive in Egypt for Gaza ceasefire push By Reuters
Business

Blinken set to arrive in Egypt for Gaza ceasefire push By Reuters

June 10, 2024
Volvo is moving EV production from China to Belgium as the EU eyes tariffs on Beijing
Business

Volvo is moving EV production from China to Belgium as the EU eyes tariffs on Beijing

June 9, 2024
France’s Macron calls for snap election after losing big to the far right in EU vote
Business

France’s Macron calls for snap election after losing big to the far right in EU vote

June 9, 2024
Upgrades for Best Buy and Lululemon By Investing.com
Business

Upgrades for Best Buy and Lululemon By Investing.com

June 9, 2024
Next Post
Meet DeepMind’s GraphCast: A Leap Forward in Machine Learning-Powered Weather Forecasting

Meet DeepMind's GraphCast: A Leap Forward in Machine Learning-Powered Weather Forecasting

Hyperparameter Tuning: Neural Networks 101 | by Egor Howell | Nov, 2023

Hyperparameter Tuning: Neural Networks 101 | by Egor Howell | Nov, 2023

5 Most popular programming languages in 2023

5 Most popular programming languages in 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
23 Plagiarism Facts and Statistics to Analyze Latest Trends

23 Plagiarism Facts and Statistics to Analyze Latest Trends

June 4, 2024
Accenture creates a regulatory document authoring solution using AWS generative AI services

Accenture creates a regulatory document authoring solution using AWS generative AI services

February 6, 2024
Managing PDFs in Node.js with pdf-lib

Managing PDFs in Node.js with pdf-lib

November 16, 2023
Graph neural networks in TensorFlow – Google Research Blog

Graph neural networks in TensorFlow – Google Research Blog

February 6, 2024
13 Best Books, Courses and Communities for Learning React — SitePoint

13 Best Books, Courses and Communities for Learning React — SitePoint

February 4, 2024
From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

June 10, 2024
Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?

Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?

June 10, 2024
AI Compared: Which Assistant Is the Best?

AI Compared: Which Assistant Is the Best?

June 10, 2024
How insurance companies can use synthetic data to fight bias

How insurance companies can use synthetic data to fight bias

June 10, 2024
5 SLA metrics you should be monitoring

5 SLA metrics you should be monitoring

June 10, 2024
From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

June 10, 2024
UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

June 10, 2024
Facebook Twitter LinkedIn Pinterest RSS
News PouroverAI

The latest news and updates about the AI Technology and Latest Tech Updates around the world... PouroverAI keeps you in the loop.

CATEGORIES

  • AI Technology
  • Automation
  • Blockchain
  • Business
  • Cloud & Programming
  • Data Science & ML
  • Digital Marketing
  • Front-Tech
  • Uncategorized

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 PouroverAI News.
PouroverAI News

No Result
View All Result
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing

Copyright © 2023 PouroverAI News.
PouroverAI News

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In